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9) At the end of the most recent period, Newberry T-shirts found that its manufacturing overhead account has a debit balance of $1,000. What adjusting
9)
At the end of the most recent period, Newberry T-shirts found that its manufacturing overhead account has a debit balance of $1,000. What adjusting journal entry would Newberry T-shirts make at the end of the period?
A. Debit of Goods Sold $1,000; Credit Manufacturing Overhead $1,000. | |
B. Credit Cost of Goods Sold $1,000; Debit Manufacturing Overhead $1,000. |
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C. Debit both Cost of Goods Sold and Manufacturing Overhead $1,000. |
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D. Credit both Cost of Goods Sold and Manufacturing Overhead $1,000. |
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